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Balance sheet 2010 2011 2010 2011 Cash 4,600 3,800 Accounts payable 16,200 17,100 Accounts receivable 10,200 9,700 Long-term debt 36,000 33,400 Inventory 18,900 20,300 Common

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Balance sheet 2010 2011 2010 2011 Cash 4,600 3,800 Accounts payable 16,200 17,100 Accounts receivable 10,200 9,700 Long-term debt 36,000 33,400 Inventory 18,900 20,300 Common stock 14,000 20,000 Net fixed asset 41,400 42,100 Retained earning 8,900 5,400 Total asset 75,100 75,900 Total claim 75,100 75,900 Income statement 2011 Net sales 61,600 Cost 48,900 Depreciation 7,800 EBIT 4.900 Interest 2,500 EBT 2,400 Taxes 800 Net income 1,600 What is the firm's total debt ratio for 2011 using the above financial statements ? O 1.99% O 66.5% 44.0% 22.3% 1.31%

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